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Updated over 3 years ago on . Most recent reply

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Ellis Fairley
  • Investor
  • Portsmouth, VA
2
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25
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Whats my next step Ain the process

Ellis Fairley
  • Investor
  • Portsmouth, VA
Posted

What's up BP!  Super excited to say I'm finally under contract with my first property in Diberville Ms. We have not closed just yet, but things are aligning well. My question is, what is my next step? 

With this house I plan to house hack and AirBnB. Rent the two rooms upstairs and when I move out after my required time (because I bought with a VA Loan) AirBnB the downstairs area.

If I was to guess, I would say get my leasing agreements in order and checked out by an attorney then when the ink drys begin to advertise my vancies. If I jumped a step or you think I should be doing different, please be sure to let me know. Any advice is appreciated. Thanks in advance!

Most Popular Reply

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11
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3
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Kim Penn
  • Real Estate Agent
  • Goodyear, AZ
3
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11
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Kim Penn
  • Real Estate Agent
  • Goodyear, AZ
Replied

Be sure to make a detailed list of all cost associated with each AirBnB unit.  State and local tax, local licenses, insurance, marketing, replenishing cost, etc...all add up.  Good first step, now get to closing!

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